OPENLANE, Inc. announced its fourth quarter and full year financial results for the period ended December 31, 2024, reporting total operating revenues of $455.0 million for Q4 2024, a 12% increase from $406.1 million in Q4 2023. Income from continuing operations for the quarter was $52.3 million, a substantial rise from $13.6 million in the prior year, with diluted earnings per share from continuing operations at $0.29.
For the full year 2024, total operating revenues reached $1,788.5 million, up 5% from $1,695.7 million in 2023, and income from continuing operations was $109.9 million, a significant improvement from a loss of $154.8 million in 2023. The marketplace business achieved its seventh consecutive quarter of year-over-year volume growth, including a 15% increase in dealer volumes, and its Adjusted EBITDA grew by 30% in Q4.
In December 2024, the company completed the sale of its automotive key business, resulting in a pretax gain on disposal of approximately $31.6 million. Looking ahead, OPENLANE provided its 2025 annual guidance, projecting income from continuing operations between $100 million and $114 million, and Adjusted EBITDA in the range of $290 million to $310 million. The guidance incorporates the impact of the automotive key business divestiture.
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